So the mystery of the why Chariot share price has weakened is revealed as the company report that they are to do a placing to raise money. I will go into more detail later, I hope to speak to the company about the ‘venture’ that is so important it needs to raise money at such a low price. I have been very positive on Chariot as I had thought that the management was on the ball and doing the right thing but this move rings a lot of alarm bells for me and accordingly until I speak to them I must suspend that recommendation. My fears that the IR situation at Chariot in recent months has been in a bad place are rather confirmed and the retail market is going to be rightly very angry, more later…
I think it would be only fair if existing shareholders were offered shares in relation to their holdings.we are the ones who have supported the company thru the dark days,so by right we should have the opportunity to get in at a discount..what do the other holders think?
Feeling the imaginary pressure of your imaginary 2.5m holding Walt? Brazil farm-out on tier 1, new acreage with a strong reason for grabbing it now .. Wake up - all those champagne sundowners are giving you a headache or maybe it's too much Sun .. And volume wise - small - and some ii's coming on board who do not worry their little heads all the time like you do... Just a few day trading de-rampers around - they will disappear soon ..
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